Airbnb (ABNB) Net Margin (2020 - 2026)
Airbnb's (ABNB) quarterly Net Margin came in at 5.97% in Q1 2026, down 80.0% year-on-year from 29.87% in Q1 2025, and down 51.33% quarter-over-quarter from 12.28% in Q4 2025.
Airbnb (ABNB) Net Margin (2020 - 2026) Analysis & Trends
Airbnb's Net Margin history runs 7 years deep, the most recent figure standing at 5.97% for Q1 2026.
- On a quarterly basis, Net Margin fell 80.0% year-over-year to 5.97% in Q1 2026; TTM through Mar 2026 was 19.9%, a 269.0% decrease from a year earlier, with the FY2025 full-year figure at 20.51%, down 334.0% from the prior year.
- Net Margin slipped to 5.97% in Q1 2026 per ABNB's latest filing, from 12.28% in the prior quarter.
- Across five years, Net Margin topped out at 128.76% in Q3 2023 and bottomed at 17.72% in Q4 2023.
- The 5-year median for Net Margin is 18.01% (2022), against an average of 22.73%.
- Across the five-year window, Net Margin soared 13090 bps in 2022 and tumbled 9210 bps in 2024, its largest moves.
- Year by year, Net Margin stood at 16.77% in 2022, then sank by 206 bps to 17.72% in 2023, then surged by 205 bps to 18.59% in 2024, then slumped by 34 bps to 12.28% in 2025, then slumped by 51 bps to 5.97% in 2026.
- Per Business Quant, the three latest ABNB Net Margin figures stand at 5.97% (Q1 2026), 12.28% (Q4 2025), and 33.55% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 19.58% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 21.34% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 5.97% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -9.25% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 17.99% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 8.07% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | -0.35% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 4.49% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 9.69% |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 6.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.97% |
| Dec 31, 2025 | 12.28% |
| Sep 30, 2025 | 33.55% |
| Jun 30, 2025 | 20.74% |
| Mar 31, 2025 | 6.78% |
| Dec 31, 2024 | 18.59% |
| Sep 30, 2024 | 36.66% |
| Jun 30, 2024 | 20.20% |
| Mar 31, 2024 | 12.32% |
| Dec 31, 2023 | -17.72% |
| Sep 30, 2023 | 128.76% |
| Jun 30, 2023 | 26.17% |
| Mar 31, 2023 | 6.44% |
| Dec 31, 2022 | 16.77% |
| Sep 30, 2022 | 42.09% |
| Jun 30, 2022 | 18.01% |
| Mar 31, 2022 | -1.26% |
| Dec 31, 2021 | 3.56% |
| Sep 30, 2021 | 37.27% |
| Jun 30, 2021 | -5.11% |